Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

With the Federal Reserve warning of a possible rise in interest rates, many homeowners across the nation can sense a shiver down their spines. Recent reports from San Diego indicate that homeowners exaggerated income levels and received overvalued appraisals in the recent refinancing boom.

Realtor Margot Murphy worries that this practice is widespread across the nation, "If San Diego is any indication of how homeowners have been refinancing to pull money out of their home, then any rise in interest rates will create a huge market of equity-deficient mortgages.”

But it's not all doom and gloom. Real estate agents are arming themselves with tools that will help them help their clients avoid foreclosure. By enlisting a strategy known as the Short Sale, or equity-deficient transaction, agents and brokers across the nation are studying up on how to negotiate with mortgage lenders when their clients are in over their head.

In a traditional listing, Realtors™ help their clients list, market, and sell their home to a buyer. In the case of a short sale transaction, the agent or broker not only lists, markets and sells the home, but the broker also negotiates directly with the bank to settle the mortgage payoff at a discount.

Murphy is a licensed broker and short sale specialist in Portland, OR. Her desire to help some clients out of a tight spot over six years ago led her to short sales, and today, Murphy helps teach other brokers and agents how to perform successful short sale transactions.

“This type of real estate listing is challenging, but also very rewarding because everybody wins in this situation. The bank or lender wins, the client wins and the broker closed the deal. I teach Realtors™ how to perfect this important strategy because I think it’s only going to grow as a market sector in the coming years, as we, as professionals, have a duty to share this information with our clients”

This year, Murphy will be traveling to six cities across the nation (including California, Colorado & Florida) holding short sale workshops for real estate agents.

“If enough agents are equipped with this knowledge, it will help hundreds of thousands of homeowners across America,” Murphy lamented.

Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any RealEstateProGuides.com securities in any jurisdiction including any other companies listed or named in this release.